ALT vs. FDVV
Compare and contrast key facts about Altimmune, Inc. (ALT) and Fidelity High Dividend ETF (FDVV).
FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALT or FDVV.
Key characteristics
| ALT | FDVV | |
|---|---|---|
| YTD Return | -24.84% | 24.54% |
| 1Y Return | 246.52% | 33.67% |
| 3Y Return (Ann) | -8.86% | 12.79% |
| 5Y Return (Ann) | 39.44% | 14.33% |
| Sharpe Ratio | 2.24 | 3.37 |
| Sortino Ratio | 2.99 | 4.59 |
| Omega Ratio | 1.36 | 1.63 |
| Calmar Ratio | 2.51 | 6.80 |
| Martin Ratio | 6.15 | 28.73 |
| Ulcer Index | 40.79% | 1.20% |
| Daily Std Dev | 112.21% | 10.19% |
| Max Drawdown | -99.94% | -40.25% |
| Current Drawdown | -99.69% | -1.02% |
Correlation
The correlation between ALT and FDVV is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ALT vs. FDVV - Performance Comparison
In the year-to-date period, ALT achieves a -24.84% return, which is significantly lower than FDVV's 24.54% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ALT vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Altimmune, Inc. (ALT) and Fidelity High Dividend ETF (FDVV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ALT vs. FDVV - Dividend Comparison
ALT has not paid dividends to shareholders, while FDVV's dividend yield for the trailing twelve months is around 2.74%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
ALT Altimmune, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.87% | 0.00% |
FDVV Fidelity High Dividend ETF | 2.74% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% |
Drawdowns
ALT vs. FDVV - Drawdown Comparison
The maximum ALT drawdown since its inception was -99.94%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for ALT and FDVV. For additional features, visit the drawdowns tool.
Volatility
ALT vs. FDVV - Volatility Comparison
Altimmune, Inc. (ALT) has a higher volatility of 31.73% compared to Fidelity High Dividend ETF (FDVV) at 2.50%. This indicates that ALT's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.